GBPUSD :: Short term rally before the drop?!
Diupdate
Really clear Elliott Wave Pattern formed on the 1 hour chart in Cable.
Wave 2 finished perfectly hit 76.4% retracement of Leg 1 and beautifully formed Doji candle!
Clearly waiting now for leg 4 retracement to 1.2140 area and will take the offer for move to 1.2220 - 1.2240 area.
Cable OBVIOUSLY in a longer term downtrend which I expect to continue so this idea is just looking to pick up 75 - 100 pips (barring any Brexit madness!)
instagram.com/iamleonbrown_
Wave 2 finished perfectly hit 76.4% retracement of Leg 1 and beautifully formed Doji candle!
Clearly waiting now for leg 4 retracement to 1.2140 area and will take the offer for move to 1.2220 - 1.2240 area.
Cable OBVIOUSLY in a longer term downtrend which I expect to continue so this idea is just looking to pick up 75 - 100 pips (barring any Brexit madness!)
instagram.com/iamleonbrown_
Catatan
The short-term rally clearly correct - but timing of the entry OR the stop could have been better...Stay tuned for update in a new trade idea
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.